Posts by Vince McDonagh
Proximar secures one billion yen in loan capital
Proximar Seafood has secured two loan agreements worth a total of one billion Japanese Yen for its Mount Fuji RAS salmon farm project.
The figure, broadly equivalent to £5.3m or NOK 75 million, will be used for working capital and to strengthen liquidity as the company moves towards full production.
Read MoreNorwegian salmon price slowly moving up again
The fresh salmon market is back on an upward trend in Norway again, for the first time in several weeks.
But the increase is small, with a price increase of just 1.4% according to the national monitoring organisation, Statistics Norway.
Read MoreRed Lobster restaurant chain secures survival at last
US seafood chain Red Lobster has been saved from bankruptcy thanks to a consortium of investors.
Read MoreNorway and EU strike deal on seafood quotas
Just days after striking a key trade deal with Brazil, Norway has secured an agreement to sell more seafood into the European Union.
The agreement, which will greatly help Norway’s salmon producers, was reached through the EEA (European Economic Area) which also involves Iceland, another important seafood supplier.
Read MoreBrazil opens up to Norwegian salmon
The Oslo government has persuaded Brazil to fully open its market to Norwegian seafood, most notably salmon.
With a population of more than 215 million, Brazil represents a huge opportunity for Norway’s fish farmers and its fishermen. Currently Chile is the main provider of salmon to Brazil.
Read MoreRegulators halt growth on salmon island
The Norwegian Food Safety Authority has reportedly put a block on further expansion on and around the island of Frøya, one of the country’s principal main salmon farming areas.
Read MoreFood Safety Authority strengthens aquaculture focus
The Norwegian Food Safety Authority’s new aquaculture division is now operational. The division was created as part of a major restructuring programme.
Bård Skjelstad, director of the new division, took up his post on 30 August. He said the move should enable the Authority to be able to better utilise its resources and contribute to more sustainable growth, improved fish health and lower mortality.
Read MoreGulf state launches experimental aquaculture project
The Abu Dhabi Environment Agency (EAD) has launched the Middle East state’s first sea cage aquaculture project. The project will conduct scientific studies and research on culturing local fish species using floating aquaculture cage systems, with the aim of developing environmental protocols for sustainable sea-based aquaculture in Abu Dhabi. It is also designed to contribute…
Read MoreAnimal rights group granted judicial review against Grimsby salmon farm plan
Plans to build an £80m-plus land-based salmon farm in Grimsby face an extra hurdle following a High Court decision to grant a judicial review of the local authority’s planning decision in favour of the project.
The case was brought by the organisation Animal Equality UK, which has questioned the decision by North East Lincolnshire (Grimsby and Cleethorpes) Council, which granted permission for the project almost a year ago.
Read MoreSalmon prices down again, but exports at record levels
Norwegian fresh salmon prices slipped further last week despite predictions they are set to recover over the next few months.
The decrease was small, however, with prices down from NOK 73.95 per kilo (£5.23) seven days earlier to NOK 73.08 per kilo (£5.17) last week.
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